STR: U.S. hotel results for week ending 23 December

HENDERSONVILLE, Tennessee – The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 December 2017, according to data from STR.

In comparison with the week of 18-24 December 2016, the industry recorded the following:

Occupancy: +7.1% to 45.1%

Average daily rate (ADR): +0.5% to US$106.97

Revenue per available room (RevPAR): +7.6% to US$48.28

Among the Top 25 Markets, Houston, Texas, reported the largest increase in each of the three key performance metrics: occupancy (+33.5% to 50.9%), ADR (+17.3% to US$92.28) and RevPAR (+56.7% to US$47.00).

New Orleans, Louisiana, posted the second-highest rise in RevPAR (+24.4% to US$49.19), due primarily to the second-largest increase in occupancy (+17.3% to 45.7%).

Nashville, Tennessee, reported the only other double-digit jump in ADR (+11.6% to US$110.54), which helped push double-digit growth in RevPAR (+23.5% to US$50.48).

Overall, 13 of the Top 25 Markets reported double-digit increases in RevPAR.

Oahu Island, Hawaii, reported the largest declines in the three key performance metrics: occupancy (-4.7% to 76.0%), ADR (-5.7% to US$242.60) and RevPAR (-10.1% to US$184.39).

San Diego, California, saw the second-largest decreases in ADR (-1.9% to US$106.84) and RevPAR (-4.6% to US$52.90).

About STR

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 16 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.